Refurbished running shoes refer to shoes that have been repaired or recertified for sale. Depending on the company, these shoes may differ. For example, refurbished running shoes may simply have been unsealed, returned to the manufacturer or retailer if malfunctioning, and then resold.
NEWARK, DE /ACCESSWIRE/September 7, 2022/ The Global refurbished running shoes market is expected to witness an impressive growth rate of 8.9% during the forecasted years from 2022 to 2032. The refurbished running shoes market size is expected to reach a valuation of around US$ 798 million by the end of the year 2032 compared to the current valuation of the United States. $340 million in 2022.
Sneakers that have been repaired or recertified for resale are called refurbished shoes. These shoes can vary depending on the brand and the method used. For example, refurbished running shoes may have simply been opened, returned to the manufacturer or store due to a problem, and then remarketed. Due to the fact that they are sold at a lower price than new products, the demand for refurbished running shoes is currently quite high in both developed and developing economies.
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Most refurbished products come with tested and guaranteed replacements. When these products pass the quality inspection process and appear and function similar to existing new products in the market, they are also certified. These aspects are expected to increase consumer confidence in the products and hence boost the sales of refurbished running shoes in the coming days.
Key insights from market research
- The overall growth of the global refurbished running shoes market is estimated to be around US$368 million over the forecast decade covering the years 2022 to 2032, following an average CAGR of 8.9%.
- The overall market is expected to reach a valuation of nearly US$798 million by the end of the forecast period in 2032, which would constitute nearly 25-30% of the global second-hand clothing market.
- The neutral pronator refurbished running shoes category is the dominating segment of the market and is also expected to be the fastest growing segment along with the pronator refurbished running shoes segment.
- Although offline distribution channels for refurbished running shoe sales have remained dominant for a very long time, but in recent times, online retail stores have grown rapidly and currently account for more than 50% of the market. global.
- North America is the top region with the highest demand for refurbished running shoes. The overall market share of this region is estimated at around 32.6% for the year 2022.
- European countries have witnessed an impressive growth over the past few years in the refurbished running shoes market and currently capture nearly 16.8% of the global market.
- Asia-Pacific is the fastest growing market as demonstrated by the refurbished running shoes market analysis report for the coming years.
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Some of the well-known players in the refurbished running shoes market are Reebok, Nike, Inc., PUMA SE, Greensole.in, Etsy, Skechers India, RELAY, Adidas AG, and Chuck Taylor All Stars among others.
One of the major causes influencing the continued global expansion of the refurbished running shoe industry is the fact that so many famous companies and popular brands are supporting the pre-owned movement. Giants like Richemont, LVMH and Stella McCartney have shown their dedication to sustainability and embracing better technology to restore used shoes.
Recent developments in the global refurbished running shoes market:
- Last year, Bank & Vogue, Beyond Retro and another well-known company Converse teamed up to solve the problem of waste reduction and to work together to design a range of shoes made from recycled materials. Company officials said improving sustainability and the fashion industry is our goal.
Refurbished Running Shoes Market by Segmentation
By type of shoe:
- Neutral pronator
By distribution channel:
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market context
3.1. Market dynamics
3.2. Scenario forecast
3.2.1. Demand in the optimistic scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in the conservative scenario
3.3. Opportunity Map Analysis
3.4. Product life cycle analysis
3.5. Supply chain analysis
3.5.1. Supply-side participants and their roles
126.96.36.199. Mid-level participants (traders/agents/brokers)
188.8.131.52. Wholesalers and distributors
3.5.2. Value added and value created at the node of the supply chain
3.5.3. List of raw material suppliers
3.5.4. List of existing and potential buyers
3.6. Investment Feasibility Matrix
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